Kennametal Inc (KMT)

Kennametal Strengthens Balance Sheet & Enhances LiquidityMay 29, 2026 8:30 AM
PR Newswire (US) Actions extend debt maturities, preserve financial flexibility and support growth opportunitiesRaised additional $700 million liquidity through new 3-year term loan and expansion of existing revolving credit facilityAdditional liquidity supports near-term tungsten related working capital needs while preserving long-term flexibilityRefinanced $300 million in bonds, extending maturities to 2036, as previously reportedTransactions consistent with maintained investment grade credit rating profilePITTSBURGH, May 29, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today announced a series of financing transactions designed to enhance liquidity, extend debt maturities and position the Company to capture near-term growth opportunities. The actions provide additional financial flexibility to support near-term tungsten related working capital needs while preserving flexibility to respond to future market developments."We continue to see opportunities for share gain and volume growth from the unique combination of market recovery, progress on our strategic initiatives and this window of opportunity from the current tungsten market," said Sanjay Chowbey, Kennametal President and CEO. "These recent transactions position us to fund near-term working capital requirements while maintaining balance sheet discipline. At the same time, we have extended our debt maturity profile and are enhancing our liquidity position."Transaction HighlightsBond Refinancing, as previously reported:
On May 19, 2026, the Company commenced a cash Tender Offer for the $300 million 4.625% Senior Notes due in 2028. Concurrent with the tender offer, the Company commenced a $300 million offering of 5.800% 10-year senior unsecured notes (Notes Offering) maturing in 2036. The Notes Offering was completed on May 28, 2026, and the Tender Offer was completed on May 29, 2026. The Company intends to use the residual proceeds from the Notes Offering to redeem any remaining 2028 Notes not tendered.
 The Company intends to provide the trustee with a redemption notice to be issued to the holders to redeem the remaining 2028 Notes. The redemption date for the 2028 Notes will be July 1, 2026. The redemption price will be equal to the greater of (i) 100% of the principal amount of the redeemed 2028 Notes, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2028 Notes to be redeemed from the redemption date to the par call date (as defined in the 2028 notes) (not including the portion of any such payments of interest accrued as of the redemption date) discounted to the redemption date in accordance with customary market practice on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the 2028 Notes) plus 30 basis points, plus, in each case, accrued and unpaid interest thereon to the redemption date.Term Loan:
On May 28, 2026, the Company entered into a 3-year $500 million delayed draw term loan with an interest rate of SOFR (Secured Overnight Financing Rate) plus 112.5 basis points. The term loan allows for up to three draws to September 30, 2026, and is prepayable at any time either in part or in its entirety. Covenants on the term loan are consistent with those on the Company's existing Revolving Credit Facility.
 Revolving Credit Facility:
Concurrent with the new 3-year $500 million term loan, on May 28, 2026, the Company upsized its revolving credit agreement by $200 million to $850 million utilizing the accordion feature in place with the existing facility. There are no changes to the existing terms, pricing, covenants or maturity.Credit Outlook
Upon completion of the above transactions, the Company maintains its existing investment grade credit ratings and stable outlooks.Certain statements in this release may be forward-looking in nature, or "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements that do not relate strictly to historical or current facts. For example, statements regarding our expectations regarding future growth and financial performance are forward-looking statements. Any forward-looking statements are based on current knowledge, expectations and estimates that involve inherent risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, our actual results could vary materially from our current expectations. There are a number of factors that could cause our actual results to differ from those indicated in the forward-looking statements. They include: uncertainties related to changes in macroeconomic and/or global conditions, including as a result of increased inflation, tariffs, and Russia's invasion of Ukraine and the resulting sanctions on Russia; the conflicts in the Middle East; other economic recession; our ability to achieve all anticipated benefits of restructuring initiatives; Commercial Excellence growth initiatives, Operational Excellence initiatives, our foreign operations and international markets, such as currency exchange rates, different regulatory environments, trade barriers, exchange controls, and social and political instability, including the conflicts in Ukraine and the Middle East; changes in the regulatory environment in which we operate, including environmental, health and safety regulations; potential for future goodwill and other intangible asset impairment charges; our ability to protect and defend our intellectual property; continuity of information technology infrastructure; competition; our ability to retain our management and employees; demands on management resources; availability and cost of the raw materials we use to manufacture our products, including tungsten; product liability claims; integrating acquisitions and achieving the expected savings and synergies; global or regional catastrophic events; demand for and market acceptance of our products; business divestitures; energy costs; commodity prices; labor relations; and implementation of environmental remediation matters. Many of these risks and other risks are more fully described in Kennametal's latest annual report on Form 10-K and its other periodic filings with the Securities and Exchange Commission. We can give no assurance that any goal or plan set forth in forward-looking statements can be achieved and readers are cautioned not to place undue reliance on such statements, which speak only as of the date made. We undertake no obligation to release publicly any revisions to forward-looking statements as a result of future events or developments.About KennametalWith over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,100 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated $2 billion in revenues in fiscal 2025. Learn more at www.kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube. View original content:https://www.prnewswire.com/news-releases/kennametal-strengthens-balance-sheet--enhances-liquidity-302785551.htmlSOURCE Kennametal Inc. Original: Kennametal Strengthens Balance Sheet & Enhances Liquidity

Kennametal Inc. Announces Final Results and Expiration of Cash Tender Offer for Debt SecuritiesMay 27, 2026 6:45 AM
PR Newswire (US) PITTSBURGH, May 27, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today announced the final results and expiration of its previously announced cash tender offer (the "Tender Offer") to purchase any and all of the outstanding notes listed in the table below (the "Notes"). Capitalized terms used in this news release and not de?ned herein have the meanings given to them in the O?er to Purchase, dated May 19, 2026 (the "O?er to Purchase").According to the information provided by Global Bondholder Services Corporation, the aggregate principal amount of the Notes that were validly tendered and not validly withdrawn as of the Expiration Time is set forth in the table below.Title of SecurityCUSIP(1)Aggregate Principal
Amount Outstanding Prior
to Tender OfferAggregate Principal
Amount Tendered(2)4.625% Senior Notes due 2028489170AE0$300,000,000$209,384,000________________________(1) No representation is made as to the correctness or accuracy of the CUSIP numbers listed in this news release or printed
on the Notes. They are provided solely for the convenience of Holders of the Notes.(2) As reported by Global Bondholder Services Corporation, the Tender and Information Agent for the Tender Offer.The Tender O?er was made pursuant to the terms and conditions contained in the O?er to Purchase and the related Notice of Guaranteed Delivery for the Tender O?er, dated May 19, 2026.Subject to satisfaction of the conditions to the Tender O?er, including completion of the previously announced public o?ering of senior notes (the "Concurrent Notes O?ering") which is expected to occur on May 28, 2026, the Corporation expects to accept for payment all Notes validly tendered pursuant to the Tender O?er and not validly withdrawn on May 29, 2026 (the "Settlement Date"). All payments for Notes purchased by the Corporation in connection with the Tender O?er will also include accrued and unpaid interest on the principal amount of Notes accepted for purchase from the last interest payment date applicable to the Notes up to, but not including, the Settlement Date.BofA Securities is the Lead Dealer Manager for the Tender Offer. Global Bondholder Services Corporation is the Tender and Information Agent. Persons with questions regarding the Tender Offer should contact BofA Securities at (888) 292-0070 (toll-free) or (980) 388-0539 (collect) or debt_advisory@bofa.com. Questions regarding the tendering of Notes and requests for copies of the Offer to Purchase and related materials should be directed to Global Bondholder Services Corporation at (212) 430-3774 (for banks and brokers) or (855) 654-2015 (all others, toll-free) or email contact@gbsc-usa.com. Copies of the Offer to Purchase are also available at the following web address: https://gbsc-usa.com/kennametal/.This news release is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The Tender Offer was made only by the Offer to Purchase and Notice of Guaranteed Delivery and the information in this news release is qualified by reference to the Offer to Purchase dated May 19, 2026. None of the Company, the Company's Board of Directors, the Lead Dealer Manager, the Tender and Information Agent or the trustees with respect to any Notes is making any recommendation as to whether Holders should tender any Notes in response to the Tender Offer, and neither the Company nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Notes, and, if so, the principal amount of Notes to tender.About KennametalWith over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,100 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated $2 billion in revenues in fiscal 2025. Learn more at www.kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube.Kennametal Inc. was founded based on a tungsten carbide technology breakthrough in 1938 and was incorporated in Pennsylvania in 1943 as a manufacturer of tungsten carbide metal cutting tooling. In 1967, it was listed on the New York Stock Exchange (NYSE).The Company's core expertise includes the development and application of tungsten carbides, ceramics, super-hard materials and solutions used in metal cutting and extreme wear applications to keep customers up and running longer against conditions such as corrosion and high temperatures. We bring together material science, technical expertise, innovation and customer service in a way that allows us to anticipate customers' needs and help them overcome problems and achieve their manufacturing objectives.Our standard and custom product offering spans metal cutting and wear applications including turning, milling, hole making, tooling systems and services, as well as specialized wear components and metallurgical powders. End users of the Company's metal cutting products include manufacturers engaged in a diverse array of industries including: transportation vehicles and components, machine tools and light and heavy machinery; airframe and aerospace components; and energy-related components for the oil and gas industry, as well as power generation. The Company's wear and metallurgical powders are used by producers and suppliers in equipment-intensive operations such as road construction, mining, quarrying, oil and gas exploration, refining, production and supply, and for aerospace and defense.Our principal executive offices are located at 525 William Penn Place Suite 3300, Pittsburgh, Pennsylvania 15219, and our telephone number is (412) 248-8000.Cautionary Statement Regarding Forward-Looking StatementsThe following is a "safe harbor" statement under the Private Securities Litigation Reform Act of 1995: The statements in this press release relating to matters that are not historical facts, including those regarding the Tender Offer and the timing and outcome thereof, are "forward-looking statements" that involve certain risks and uncertainties that could cause actual outcomes and results to materially differ from what is expressed, implied or forecast in such statements. Any differences could be caused by a number of factors, including, but not limited to, general market conditions and other financial, operational and legal risks and uncertainties detailed from time to time in the Company's SEC filings. All forward-looking statements included in this press release are expressly qualified in their entirety by the foregoing cautionary statements. The forward-looking statements speak only as of the date made and, other than as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. View original content:https://www.prnewswire.com/news-releases/kennametal-inc-announces-final-results-and-expiration-of-cash-tender-offer-for-debt-securities-302782599.htmlSOURCE Kennametal Inc. Original: Kennametal Inc. Announces Final Results and Expiration of Cash Tender Offer for Debt Securities

Kennametal Inc. Announces Pricing Terms of Cash Tender Offer for Debt SecuritiesMay 26, 2026 3:25 PM
PR Newswire (US) PITTSBURGH, May 26, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today announced the pricing terms of its previously announced cash tender offer (the "Tender Offer") to purchase any and all of its outstanding 4.625% Senior Notes due 2028 (the "2028 Notes"). All other terms and conditions of the Tender O?er remain unchanged and are described in the O?er to Purchase, dated May 19, 2026 (the "O?er to Purchase"). Capitalized terms used in this news release and not de?ned herein have the meanings given to them in the O?er to Purchase.The consideration to be paid in the Tender O?er for the 2028 Notes accepted for purchase was determined by reference to the ?xed spread speci?ed for the 2028 Notes over the yield (the "Reference Yield") based on the bid-side price of the U.S. Treasury Securities set forth in the table below (the "Tender O?er Consideration"). The Reference Yield listed in the table below were determined (pursuant to the O?er to Purchase) at 2:00 p.m., New York City time, today, May 26, 2026, by the Lead Dealer Manager.The following table sets forth the pricing information for the Tender O?er:Title of
SecurityCUSIP(1)Aggregate
Principal
Amount
OutstandingReference
U.S. Treasury
SecurityReference
YieldFixed
Spread
(basis
points)Tender Offer
Consideration(2)4.625%
Senior Notes due 2028489170AE0$300,000,0003.875% U.S.
Treasury due
March 15,
20284.061 %30$1,004.55No representation is made as to the correctness or accuracy of the CUSIP numbers listed in this news release or printed on the 2028 Notes. They are provided solely for the convenience of Holders of the 2028 Notes.Payable for each $1,000 principal amount of Notes validly tendered at or prior to the Expiration Time (as de?ned below) and accepted for purchase by the Corporation. In addition, Holders whose Notes are accepted will also receive interest on such Notes accrued to the Settlement Date (as de?ned below).The Tender O?er will expire at 5:00 p.m., New York City time, on May 26, 2026, unless extended (such date and time, as the same may be extended, the "Expiration Time") or earlier terminated. In order to receive the Tender O?er Consideration, Holders of 2028 Notes must validly tender and not validly withdraw their 2028 Notes (or comply with the procedures for guaranteed delivery) prior to the Expiration Time.Subject to satisfaction of the conditions to the Tender O?er, settlement for all Notes validly tendered pursuant to the Tender O?er prior to the Expiration Time or pursuant to a Notice of Guaranteed Delivery is expected to be on May 29, 2026 (the "Settlement Date").BofA Securities is the Lead Dealer Manager for the Tender Offer. Global Bondholder Services Corporation is the Tender and Information Agent. Persons with questions regarding the Tender Offer should contact BofA Securities at (888) 292-0070 (toll-free) or (980) 388-0539 (collect) or debt_advisory@bofa.com. Questions regarding the tendering of 2028 Notes and requests for copies of the Offer to Purchase and Notice of Guaranteed Delivery and related materials should be directed to Global Bondholder Services Corporation at (212) 430-3774 (for banks and brokers) or (855) 654-2015 (all others, toll-free) or email contact@gbsc-usa.com. Copies of the Offer to Purchase and Notice of Guaranteed Delivery are also available at the following web address: https://gbsc-usa.com/kennametal/.This news release is neither an offer to purchase nor a solicitation of an offer to sell the 2028 Notes. The Tender Offer is made only by the Offer to Purchase and Notice of Guaranteed Delivery and the information in this news release is qualified by reference to the Offer to Purchase dated May 19, 2026. There is no separate letter of transmittal in connection with the Offer to Purchase. None of the Company, the Company's Board of Directors, the Lead Dealer Manager, the Tender and Information Agent or the trustees with respect to any 2028 Notes is making any recommendation as to whether Holders should tender any 2028 Notes in response to the Tender Offer, and neither the Company nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their 2028 Notes, and, if so, the principal amount of 2028 Notes to tender.About KennametalWith over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,100 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated $2 billion in revenues in fiscal 2025. Learn more at www.kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube.Kennametal Inc. was founded based on a tungsten carbide technology breakthrough in 1938 and was incorporated in Pennsylvania in 1943 as a manufacturer of tungsten carbide metal cutting tooling. In 1967, it was listed on the New York Stock Exchange (NYSE).The Company's core expertise includes the development and application of tungsten carbides, ceramics, super-hard materials and solutions used in metal cutting and extreme wear applications to keep customers up and running longer against conditions such as corrosion and high temperatures. We bring together material science, technical expertise, innovation and customer service in a way that allows us to anticipate customers' needs and help them overcome problems and achieve their manufacturing objectives.Our standard and custom product offering spans metal cutting and wear applications including turning, milling, hole making, tooling systems and services, as well as specialized wear components and metallurgical powders. End users of the Company's metal cutting products include manufacturers engaged in a diverse array of industries including: transportation vehicles and components, machine tools and light and heavy machinery; airframe and aerospace components; and energy-related components for the oil and gas industry, as well as power generation. The Company's wear and metallurgical powders are used by producers and suppliers in equipment-intensive operations such as road construction, mining, quarrying, oil and gas exploration, refining, production and supply, and for aerospace and defense.Our principal executive offices are located at 525 William Penn Place Suite 3300, Pittsburgh, Pennsylvania 15219, and our telephone number is (412) 248-8000.Cautionary Statement Regarding Forward-Looking StatementsThe following is a "safe harbor" statement under the Private Securities Litigation Reform Act of 1995: The statements in this press release relating to matters that are not historical facts, including those regarding the Tender Offer and the timing and outcome thereof, are "forward-looking statements" that involve certain risks and uncertainties that could cause actual outcomes and results to materially differ from what is expressed, implied or forecast in such statements. Any differences could be caused by a number of factors, including, but not limited to, general market conditions and other financial, operational and legal risks and uncertainties detailed from time to time in the Company's SEC filings. All forward-looking statements included in this press release are expressly qualified in their entirety by the foregoing cautionary statements. The forward-looking statements speak only as of the date made and, other than as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. View original content:https://www.prnewswire.com/news-releases/kennametal-inc-announces-pricing-terms-of-cash-tender-offer-for-debt-securities-302782230.htmlSOURCE Kennametal Inc. Original: Kennametal Inc. Announces Pricing Terms of Cash Tender Offer for Debt Securities

Kennametal Inc. Announces Public Offering of Senior Notes and Cash Tender Offer for Debt SecuritiesMay 19, 2026 9:15 AM
PR Newswire (US) PITTSBURGH, May 19, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today announced that it has commenced an underwritten public offering of senior notes (the "Notes Offering"). The exact amount and terms of the Notes Offering will depend upon market conditions and other factors. The Company also announced that concurrent with the Notes Offering it has commenced a cash tender o?er (the "Tender O?er") to purchase any and all of the outstanding notes listed in the table below (the "2028 Notes"). Title of SecurityCUSIP1Aggregate Principal Amount OutstandingReference U.S. Treasury SecurityFixed Spread (basis points)Bloomberg Reference Page24.625% Senior Notes
due 2028 489170AE0$300,000,0003.875% U.S. Treasury due March 15, 202830FIT 4The Tender OfferThe Tender O?er Consideration for the 2028 Notes will be determined taking into account the par call date, instead of the maturity date, of such 2028 Notes in accordance with standard market practice.The terms and conditions of the Tender O?er are described in an O?er to Purchase dated May 19, 2026 (as it may be amended or supplemented, the "O?er to Purchase"). The Tender O?er is subject to the satisfaction of certain conditions as set forth in the O?er to Purchase, including the receipt of aggregate gross proceeds in an amount su?cient to e?ect the repurchase of the 2028 Notes validly tendered and accepted for purchase pursuant to the Tender O?er at or prior to the Expiration Time (as de?ned below) on terms acceptable to the Company from the concurrent Notes O?ering.Subject to applicable law, the Company may waive any and all of these conditions or extend or terminate the Tender O?er with respect to the 2028 Notes, at any time, prior to the Expiration Time. The Tender O?er is not conditioned upon any minimum amount of 2028 Notes being tendered. Capitalized terms used in this news release and not de?ned herein have the meanings given to them in the O?er to Purchase.The Tender O?er will expire at 5:00 p.m., New York City time, on May 26, 2026, unless extended (such date and time, as the same may be extended, the "Expiration Time") or earlier terminated. In order to receive the Tender O?er Consideration, Holders of 2028 Notes must validly tender and not validly withdraw their 2028 Notes (or comply with the procedures for guaranteed delivery) prior to the Expiration Time.The Tender O?er Consideration for each $1,000 in principal amount of 2028 Notes tendered and accepted for purchase pursuant to the Tender O?er will be determined in the manner described in the O?er to Purchase. The consideration will be determined by reference to the ?xed spread speci?ed for the 2028 Notes over the yield based on the bid-side price of the Reference U.S. Treasury Security speci?ed in the table above, as fully described in the O?er to Purchase. The consideration will be calculated by the Lead Dealer Manager for the Tender O?er at 2:00 p.m., New York City time, on May 26, 2026, unless extended (such time and date, as the same may be extended, the "Price Determination Date").In addition to the Tender O?er Consideration, accrued and unpaid interest up to, but not including, the Settlement Date will be paid in cash on all validly tendered 2028 Notes accepted for purchase in the Tender O?er. The purchase price plus accrued and unpaid interest for 2028 Notes that are validly tendered and not validly withdrawn before the Expiration Time and accepted for purchase will be paid by the Company in same day funds on the Settlement Date, which the Company expects will be May 29, 2026, assuming that the Tender O?er is not extended or earlier terminated. No tenders will be valid if submitted after the Expiration Time. Tendered 2028 Notes may be validly withdrawn at any time (i) prior to the earlier of (x) the Expiration Time and (y) if the Tender O?er is extended, the tenth business day after commencement of the Tender O?er, and (ii) after the 60th business day after the commencement of the Tender O?er if for any reason the Tender O?er has not been consummated within 60 business days after commencement.From time to time, the Company may purchase additional 2028 Notes in the open market, in privately negotiated transactions, through tender o?ers or otherwise, or may redeem 2028 Notes pursuant to the terms of the applicable indenture governing the 2028 Notes. Any future purchases or redemptions may be on the same terms or on terms that are more or less favorable to Holders of 2028 Notes than the terms of the Tender O?er. Any future purchases or redemptions by the Company will depend on various factors existing at that time. There can be no assurance as to which, if any, of these alternatives (or combinations thereof) the Company may choose to pursue in the future. The e?ect of any of these actions may directly or indirectly a?ect the price of any 2028 Notes that remain outstanding after the consummation or termination of the Tender O?er.Subject to completion of the Tender O?er, the Company may, but is not obligated to, redeem all 2028 Notes not purchased in the Tender O?er at the contractual redemption prices, or otherwise repurchase, discharge or defease of the 2028 Notes as it deems appropriate. This news release does not constitute a notice of redemption or an obligation to issue a notice of redemption.Notwithstanding any other provision of the Tender O?er, the Company's obligation to accept for purchase, and to pay for, 2028 Notes validly tendered and not validly withdrawn, if applicable, pursuant to the Tender O?er is subject to, and conditioned upon, the satisfaction of or, where applicable, its waiver of, certain conditions, including the condition that the Company receive aggregate gross proceeds from the concurrent Notes O?ering at or prior to the Expiration Time in an amount that is su?cient to e?ect the repurchase of the 2028 Notes validly tendered and accepted for purchase pursuant to the O?er to Purchase, on terms satisfactory to the Company in its sole discretion.BofA Securities is the Lead Dealer Manager for the Tender O?er. Global Bondholder Services Corporation is the Tender and Information Agent. Persons with questions regarding the Tender O?er should contact BofA Securities at (888) 292-0070 (toll-free) or (980) 388-0539 (collect) or debt_advisory@bofa.com. Questions regarding the tendering of 2028 Notes and requests for copies of the O?er to Purchase and Notice of Guaranteed Delivery and related materials should be directed to Global Bondholder Services Corporation at (212) 430-3774 (for banks and brokers) or (855) 654-2015 (all others, toll-free) or email contact@gbsc-usa.com. Copies of the O?er to Purchase and Notice of Guaranteed Delivery are also available at the following web address: https://gbsc-usa.com/kennametal/.This news release is neither an o?er to purchase nor a solicitation of an o?er to sell the 2028 Notes. The Tender O?er is made only by the O?er to Purchase and Notice of Guaranteed Delivery and the information in this news release is quali?ed by reference to the O?er to Purchase dated May 19, 2026. There is no separate letter of transmittal in connection with the O?er to Purchase. None of the Company, the Company's Board of Directors, the Lead Dealer Manager, the Tender and Information Agent or the trustees with respect to any 2028 Notes is making any recommendation as to whether Holders should tender any 2028 Notes in response to the Tender O?er, and neither the Company nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their 2028 Notes, and, if so, the principal amount of 2028 Notes to tender.The Notes OfferingThe Company intends to use the proceeds of the Notes Offering not used to fund the Tender Offer for general corporate purposes.BofA Securities, Inc., BNP Paribas Securities Corp., and PNC Capital Markets LLC are acting as joint book-running managers of the Notes Offering.The Company is making the Notes Offering pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. The Notes Offering is being made solely by means of a prospectus supplement and accompanying prospectus. Copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained via mail from BofA Securities, Inc. at BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department, or by emailing dg.prospectus_requests@bofa.com; from BNP Paribas Securities Corp. at BNP Paribas Securities Corp., 787 7th Avenue, New York, New York 10019 or by calling toll-free at 1-800-854-5674; from PNC Capital Markets LLC by emailing pnccmprospectus @hotelier.This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the Notes Offering, nor shall there be any sale of these securities in the Notes Offering in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About KennametalWith over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,100 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated $2 billion in revenues in fiscal 2025. Kennametal Inc. was founded based on a tungsten carbide technology breakthrough in 1938 and was incorporated in Pennsylvania in 1943 as a manufacturer of tungsten carbide metal cutting tooling. In 1967, it was listed on the New York Stock Exchange (NYSE).The Company's core expertise includes the development and application of tungsten carbides, ceramics, super-hard materials and solutions used in metal cutting and extreme wear applications to keep customers up and running longer against conditions such as corrosion and high temperatures. We bring together material science, technical expertise, innovation and customer service in a way that allows us to anticipate customers' needs and help them overcome problems and achieve their manufacturing objectives.Our standard and custom product offering spans metal cutting and wear applications including turning, milling, hole making, tooling systems and services, as well as specialized wear components and metallurgical powders. End users of the Company's metal cutting products include manufacturers engaged in a diverse array of industries including: transportation vehicles and components, machine tools and light and heavy machinery; airframe and aerospace components; and energy-related components for the oil and gas industry, as well as power generation. The Company's wear and metallurgical powders are used by producers and suppliers in equipment-intensive operations such as road construction, mining, quarrying, oil and gas exploration, refining, production and supply, and for aerospace and defense.Our principal executive offices are located at 525 William Penn Place Suite 3300, Pittsburgh, Pennsylvania 15219, and our telephone number is (412) 248-8000.Cautionary Statement Regarding Forward-Looking StatementsThe following is a "safe harbor" statement under the Private Securities Litigation Reform Act of 1995: The statements in this press release relating to matters that are not historical facts, including those regarding the concurrent Notes O?ering and the use of proceeds therefrom, including the Tender O?er and the timing and outcome thereof, are "forward-looking statements" that involve certain risks and uncertainties that could cause actual outcomes and results to materially di?er from what is expressed, implied or forecast in such statements. Any di?erences could be caused by a number of factors, including, but not limited to, the ability to complete the o?ering, general market conditions and other ?nancial, operational and legal risks and uncertainties detailed from time to time in the Company's SEC ?lings. All forward-looking statements included in this press release are expressly quali?ed in their entirety by the foregoing cautionary statements. The forward-looking statements speak only as of the date made and, other than as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.No representation is made as to the correctness or accuracy of the CUSIP numbers listed in this news release or printed on the 2028 Notes. They are provided solely for the convenience of Holders of the 2028 Notes.The Bloomberg Reference Page is provided for convenience only. To the extent any Bloomberg Reference Page changes prior to the Price Determination Date (as de?ned below), the Lead Dealer Manager referred to below will quote the applicable Reference Treasury Security from the updated Bloomberg Reference Page. View original content:https://www.prnewswire.com/news-releases/kennametal-inc-announces-public-offering-of-senior-notes-and-cash-tender-offer-for-debt-securities-302776216.htmlSOURCE Kennametal Inc. Original: Kennametal Inc. Announces Public Offering of Senior Notes and Cash Tender Offer for Debt Securities

Kennametal to Attend KeyBanc Capital Markets 2026 Industrials & Basic Materials ConferenceMay 18, 2026 1:00 PM
PR Newswire (US) PITTSBURGH, May 18, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the KeyBanc Capital Markets 2026 Industrials & Basic Materials Conference in Boston.Details of the conference are as follows:When: Wednesday, May 27, 2026 Attendees:Sanjay Chowbey, President and Chief Executive Officer
Patrick Watson, Vice President and Chief Financial Officer
Michael Pici, Vice President, Investor RelationsAbout KennametalWith over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,100 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated nearly $2 billion in revenues in fiscal 2025. Learn more at www.kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube. View original content:https://www.prnewswire.com/news-releases/kennametal-to-attend-keybanc-capital-markets-2026-industrials--basic-materials-conference-302773893.htmlSOURCE Kennametal Inc. Original: Kennametal to Attend KeyBanc Capital Markets 2026 Industrials & Basic Materials Conference

Kennametal Announces Fiscal 2026 Third Quarter ResultsMay 6, 2026 6:30 AM
PR Newswire (US) Sales of $593 million increased 22 percent and 19 percent on a reported and organic basis, respectivelyOperating income of $79 million and adjusted operating income of $82 million, up 80 percent and 64 percent, respectivelyEarnings per diluted share (EPS) of $0.75 and adjusted EPS of $0.77, up 85 percent and 65 percent, respectivelyCompany raises annual sales and adjusted EPS OutlookPITTSBURGH, May 6, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2026 third quarter ended March 31, 2026."Our third quarter results exceeded the high end of our sales and adjusted EPS Outlook, primarily due to the unprecedented rise in tungsten pricing and stronger volume," said Sanjay Chowbey, President and CEO.Chowbey added: "Our team is advancing volume momentum from improving end markets, pursuing share gains through growth initiatives, and executing on opportunities in a dynamic tungsten market. Additionally, we are actively managing our tungsten supply chain and executing our strategy to drive long-term shareholder value."Fiscal 2026 Third Quarter Financial HighlightsSales of $593 million increased 22 percent from $486 million in the prior year quarter, reflecting organic sales growth of 19 percent and a favorable currency exchange effect of 5 percent, partially offset by a divestiture effect of 2 percent.Operating income was $79 million, or 13.4 percent margin, compared to $44 million, or 9.1 percent margin, in the prior year quarter. The increase in operating income was driven by the favorable timing of pricing compared to raw material costs of approximately $39 million within the Infrastructure segment, pricing and tariff surcharges within the Metal Cutting segment, higher sales and production volumes, incremental year-over-year restructuring savings of approximately $7 million, favorable foreign currency exchange of approximately $4 million and a decrease in restructuring and related charges of approximately $3 million. These factors were partially offset by higher compensation costs, tariffs and general inflation, the net effect of approximately $8 million from a normalized advanced manufacturing production credit under the Inflation Reduction Act in the current quarter within the Infrastructure segment, and higher raw material costs in the Metal Cutting segment. Adjusted operating income was $82 million, or 13.8 percent margin, in the current quarter, compared to $50 million, or 10.3 percent margin, in the prior year quarter.Year-to-date net cash flow from operating activities was $70 million compared to $130 million in the prior year period. The change in net cash flow from operating activities was driven primarily by working capital changes including an increase in inventory largely due to the unprecedented rise in tungsten prices, partially offset by higher net income in the current year period. Year-to-date free operating cash flow (FOCF) was $18 million compared to $63 million in the prior year period. The decrease in FOCF was driven primarily by working capital changes including an increase in inventory, partially offset by higher net income and lower net capital expenditures in the current year period.OutlookThe Company's expectations for sales and adjusted EPS for the full fiscal year 2026 are as follows:Sales expected to be $2.33 - $2.35 billionAdjusted EPS is expected to be $3.75 - $4.00The Company will provide more details regarding its Outlook during its quarterly earnings conference call.Segment ResultsMetal Cutting sales of $358 million increased 18 percent from $304 million in the prior year quarter, reflecting organic sales growth of 12 percent and a favorable currency exchange effect of 6 percent. Operating income was $38 million, or 10.7 percent margin, compared to $25 million, or 8.2 percent margin, in the prior year quarter. The increase in operating income was driven by pricing and tariff surcharges, higher sales and production volumes, incremental year-over-year restructuring savings of approximately $5 million, favorable foreign currency exchange of approximately $3 million and a decrease in restructuring and related charges of approximately $2 million. These factors were partially offset by higher compensation costs, tariffs and general inflation and higher raw material costs. Adjusted operating income was $40 million, or 11.2 percent margin, in the current quarter, compared to $29 million, or 9.6 percent margin, in the prior year quarter.Infrastructure sales of $235 million increased 29 percent from $182 million in the prior year quarter, reflecting organic sales growth of 30 percent and a favorable currency exchange effect of 4 percent, partially offset by a divestiture effect of 5 percent. Operating income was $42 million, or 18.1 percent margin, compared to $19 million, or 10.7 percent margin, in the prior year quarter. The increase in operating income was driven by the favorable timing of pricing compared to raw material costs of approximately $39 million and incremental year-over-year restructuring savings of approximately $2 million. These factors were partially offset by the net effect of approximately $8 million from a normalized advanced manufacturing production credit under the Inflation Reduction Act in the current quarter, higher compensation costs and general inflation. Adjusted operating income was $43 million, or 18.3 percent margin, in the current quarter, compared to $21 million, or 11.5 percent margin, in the prior year quarter.Dividend DeclaredKennametal announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share. The dividend is payable on May 26, 2026 to shareholders of record as of the close of business on May 12, 2026.Conference Call and WebcastThe Company will host a conference call to discuss its third quarter fiscal 2026 results on Wednesday, May 6, 2026 at 9:30 a.m. Eastern Time. The conference call will be broadcast via real-time audio on Kennametal's investor relations website at https://investors.kennametal.com/ - click "Event" (located in the blue Quarterly Earnings block).This earnings release contains non-GAAP financial measures. Reconciliations and descriptions of all non-GAAP financial measures are set forth in the tables that follow.Certain statements in this release may be forward-looking in nature, or "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements that do not relate strictly to historical or current facts. For example, statements about Kennametal's outlook for sales and adjusted EPS for the full year of fiscal 2026 and our expectations regarding future growth and financial performance are forward-looking statements. Any forward-looking statements are based on current knowledge, expectations and estimates that involve inherent risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, our actual results could vary materially from our current expectations. There are a number of factors that could cause our actual results to differ from those indicated in the forward-looking statements. They include: uncertainties related to changes in macroeconomic and/or global conditions, including as a result of increased inflation, tariffs, and Russia's invasion of Ukraine and the resulting sanctions on Russia; the conflicts in the Middle East; other economic recession; our ability to achieve all anticipated benefits of restructuring initiatives; Commercial Excellence growth initiatives, Operational Excellence initiatives, our foreign operations and international markets, such as currency exchange rates, different regulatory environments, trade barriers, exchange controls, and social and political instability, including the conflicts in Ukraine and the Middle East; changes in the regulatory environment in which we operate, including environmental, health and safety regulations; potential for future goodwill and other intangible asset impairment charges; our ability to protect and defend our intellectual property; continuity of information technology infrastructure; competition; our ability to retain our management and employees; demands on management resources; availability and cost of the raw materials we use to manufacture our products, including tungsten; product liability claims; integrating acquisitions and achieving the expected savings and synergies; global or regional catastrophic events; demand for and market acceptance of our products; business divestitures; energy costs; commodity prices; labor relations; and implementation of environmental remediation matters. Many of these risks and other risks are more fully described in Kennametal's latest annual report on Form 10-K and its other periodic filings with the Securities and Exchange Commission. We can give no assurance that any goal or plan set forth in forward-looking statements can be achieved and readers are cautioned not to place undue reliance on such statements, which speak only as of the date made. We undertake no obligation to release publicly any revisions to forward-looking statements as a result of future events or developments.About KennametalWith over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,100 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated $2 billion in revenues in fiscal 2025. Learn more at www.kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube. FINANCIAL HIGHLIGHTSCONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

Three Months Ended
March 31,Nine Months Ended
March 31,(in thousands, except per share amounts)2026
20252026
2025Sales$  592,585
$  486,399$ 1,620,084
$ 1,450,398Cost of goods sold384,607
330,0341,083,686
997,993     Gross profit207,978
156,365536,398
452,405Operating expense124,046
104,013353,377
324,975Restructuring and other charges, net2,115
5,5896,232
7,535Amortization of intangibles2,387
2,7037,138
8,142     Operating income79,430
44,060169,651
111,753Interest expense6,264
6,21318,539
18,705Other income, net(6,546)
(5,454)(10,964)
(8,589)Income before income taxes79,712
43,301162,076
101,637Provision for income taxes18,589
10,21941,124
26,052Net income61,123
33,082120,952
75,585Less: Net income attributable to noncontrolling interests2,894
1,6005,540
4,052Net income attributable to Kennametal$    58,229
$    31,482$  115,412
$    71,533PER SHARE DATA ATTRIBUTABLE TO KENNAMETAL SHAREHOLDERS
Basic earnings per share$       0.76
$       0.41$       1.51
$       0.92Diluted earnings per share$       0.75
$       0.41$       1.49
$       0.91Basic weighted average shares outstanding76,264
77,03776,195
77,614Diluted weighted average shares outstanding77,758
77,65177,231
78,208 CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in thousands)March 31, 2026
June 30, 2025 ASSETS


Cash and cash equivalents$                106,850
$         140,540Accounts receivable, net334,429
295,401Inventories747,346
538,237Other current assets89,452
65,092Total current assets1,278,077
1,039,270Property, plant and equipment, net857,911
919,914Goodwill and other intangible assets, net340,231
349,935Other assets254,528
236,293Total assets$              2,730,747
$       2,545,412 LIABILITIES


Revolving and other lines of credit and notes payable$                  16,750
$               977Accounts payable263,068
195,929Other current liabilities256,251
225,423Total current liabilities536,069
422,329Long-term debt597,394
596,788Other liabilities198,912
201,647Total liabilities1,332,375
1,220,764KENNAMETAL SHAREHOLDERS' EQUITY1,354,734
1,283,979NONCONTROLLING INTERESTS43,638
40,669Total liabilities and equity$              2,730,747
$       2,545,412 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED)

Nine Months Ended
March 31,(in thousands)2026
2025OPERATING ACTIVITIES


Net income$  120,952
$   75,585Adjustments to reconcile to cash from operations:


Depreciation100,441
93,279Amortization7,138
8,142Stock-based compensation expense26,015
18,329Restructuring and other charges, net6,232
7,535Deferred income taxes (2,394)
(1,917)Gain on insurance recoveries—
(7,500)Other1,976
817Changes in certain assets and liabilities:


Accounts receivable(42,512)
10,516Inventories(215,973)
(41,269)Other current assets(25,328)
(1,398)Accounts payable and accrued liabilities101,717
(14,140)Accrued income taxes2,723
(11,668)Accrued pension and postretirement benefits(840)
(5,023)Other(10,466)
(1,558)Net cash flow provided by operating activities69,681
129,730INVESTING ACTIVITIES


Purchases of property, plant and equipment(53,680)
(67,506)Disposals of property, plant and equipment1,662
460Proceeds from insurance recoveries—
7,193Other391
(202)Net cash flow used in investing activities(51,627)
(60,055)FINANCING ACTIVITIES


Net increase in notes payable360
944Net increase in revolving and other lines of credit15,300
10,200Purchase of capital stock(10,068)
(55,081)The effect of employee benefit and stock plans and dividend reinvestment(7,954)
(6,570)Cash dividends paid to Shareholders(45,605)
(46,604)Other(2,181)
(915)Net cash flow used in financing activities(50,148)
(98,026)Effect of exchange rate changes on cash and cash equivalents(1,596)
(2,153)CASH AND CASH EQUIVALENTS


Net decrease in cash and cash equivalents(33,690)
(30,504)Cash and cash equivalents, beginning of period140,540
127,971Cash and cash equivalents, end of period$  106,850
$   97,467 SEGMENT DATA (UNAUDITED)Three Months Ended
March 31,Nine Months Ended
March 31,(in thousands)2026
20252026
2025Sales:





Metal Cutting$    357,907
$    304,349$    999,591
$    899,035Infrastructure234,678
182,050620,493
551,363Total sales$    592,585
$    486,399$  1,620,084
$  1,450,398Sales By Geographic Region:





Americas$    298,272
$    240,361$    811,035
$    713,341EMEA173,991
151,262483,553
442,689Asia Pacific120,322
94,776325,496
294,368Total sales$    592,585
$    486,399$  1,620,084
$  1,450,398Operating income:





Metal Cutting$      38,125
$      24,900$      89,447
$      65,308Infrastructure42,471
19,42382,512
47,770Corporate (1)(1,166)
(263)(2,308)
(1,325)Total operating income$      79,430
$      44,060$    169,651
$    111,753(1) Represents unallocated corporate expenses.NON-GAAP RECONCILIATIONS (UNAUDITED)In addition to reported results under generally accepted accounting principles in the United States of America (GAAP), the following financial highlight tables include, where appropriate, a reconciliation of adjusted results including: operating income and margin; net income attributable to Kennametal; diluted EPS; Metal Cutting operating income and margin; Infrastructure operating income and margin; FOCF; and consolidated and segment organic sales growth (all of which are non-GAAP financial measures), to the most directly comparable GAAP financial measures. Adjustments for the three months ended March 31, 2026 include restructuring and related charges and differences in projected annual tax rates. Adjustments for the three months ended March 31, 2025 include restructuring and related charges and differences in projected annual tax rates. For those adjustments that are presented 'net of tax', the tax effect of the adjustment can be derived by calculating the difference between the pre-tax and the post-tax adjustments presented. The tax effect on adjustments is calculated by preparing an overall tax calculation including the adjustments and then a tax calculation excluding the adjustments. The difference between these calculations results in the tax impact of the adjustments.Management believes that presentation of these non-GAAP financial measures provides useful information about the results of operations of the Company for the current and past periods. Management believes that investors should have available the same information that management uses to assess operating performance, determine compensation and assess the capital structure of the Company. These non-GAAP financial measures should not be considered in isolation or as a substitute for the most comparable GAAP financial measures. Investors are cautioned that non-GAAP financial measures used by management may not be comparable to non-GAAP financial measures used by other companies. Reconciliations and descriptions of all non-GAAP financial measures are set forth in the disclosures below.Reconciliations to the most directly comparable GAAP financial measures for the following forward-looking non-GAAP financial measures for the full fiscal year of 2026 have not been provided, including but not limited to, adjusted EPS. The most comparable GAAP financial measure is diluted EPS. Because the non-GAAP financial measures on a forward-looking basis are subject to uncertainty and variability as they are dependent on many factors - including, but not limited to, the effect of foreign currency exchange fluctuations, impacts from potential acquisitions or divestitures, gains or losses on the potential sale of businesses or other assets, restructuring costs, asset impairment charges, gains or losses from early extinguishment of debt, the tax impact of the items above and the impact of tax law changes or other tax matters - reconciliations to the most directly comparable forward-looking GAAP financial measures are not available without unreasonable effort.THREE MONTHS ENDED MARCH 31, 2026 (UNAUDITED)
(in thousands, except percents and per share data)SalesOperating
incomeNet
income(2)Diluted EPSReported results$     592,585$    79,430$      58,229$          0.75Reported operating margin
13.4 %

  Restructuring and related charges—2,3911,9760.02  Differences in projected annual tax rates——30—Adjusted results$     592,585$    81,821$      60,235$          0.77Adjusted operating margin
13.8 %

(2) Attributable to Kennametal. THREE MONTHS ENDED MARCH 31, 2026 (UNAUDITED)
Metal CuttingInfrastructure(in thousands, except percents)SalesOperating
incomeSalesOperating
incomeReported results$   357,907$  38,125$   234,678$  42,471Reported operating margin
10.7 %
18.1 %Restructuring and related charges—1,948—443Adjusted results$   357,907$  40,073$   234,678$  42,914Adjusted operating margin
11.2 %
18.3 % THREE MONTHS ENDED MARCH 31, 2025 (UNAUDITED)
(in thousands, except percents and per share data)SalesOperating
incomeNet
income(2)Diluted EPSReported results$     486,399$    44,060$      31,482$          0.41Reported operating margin
9.1 %

  Restructuring and related charges—5,8404,7090.06  Differences in projected annual tax rates——146—Adjusted results$     486,399$    49,900$      36,337$          0.47Adjusted operating margin
10.3 %

(2) Attributable to Kennametal. THREE MONTHS ENDED MARCH 31, 2025 (UNAUDITED)
Metal CuttingInfrastructure(in thousands, except percents)SalesOperating
incomeSalesOperating
incomeReported results$   304,349$  24,900$   182,050$  19,423Reported operating margin
8.2 %
10.7 %Restructuring and related charges—4,320—1,520Adjusted results$   304,349$  29,220$   182,050$  20,943Adjusted operating margin
9.6 %
11.5 %Free Operating Cash Flow (FOCF)FOCF is a non-GAAP financial measure and is defined by the Company as net cash flow provided by operating activities (which is the most directly comparable GAAP financial measure) less capital expenditures plus proceeds from disposals of fixed assets. Management considers FOCF to be an important indicator of the Company's cash generating capability because it better represents cash generated from operations that can be used for dividends, debt repayment, strategic initiatives (such as acquisitions) and other investing and financing activities.FREE OPERATING CASH FLOW (UNAUDITED)
Nine Months Ended
March 31,(in thousands)
2026
2025Net cash flow provided by operating activities
$     69,681
$   129,730Purchases of property, plant and equipment
(53,680)
(67,506)Disposals of property, plant and equipment
1,662
460Free operating cash flow
$     17,663
$     62,684Organic Sales GrowthOrganic sales growth is a non-GAAP financial measure of sales growth (which is the most directly comparable GAAP measure) excluding the effects of acquisitions, divestitures, business days and foreign currency exchange from year-over-year comparisons. Management believes this measure provides investors with a supplemental understanding of underlying sales trends by providing sales growth on a consistent basis. Management reports organic sales growth at the consolidated and segment levels.ORGANIC SALES GROWTH (UNAUDITED)


Three Months Ended March 31, 2026
Metal Cutting
Infrastructure
TotalOrganic sales growth
12 %
30 %
19 %Foreign currency exchange effect (3)
6
4
5Business days effect (4)
—
—
—Divestiture effect (5)
—
(5)
(2)Sales growth
18 %
29 %
22 %(3) Foreign currency exchange effect is calculated by dividing the difference between current period sales and current period sales at prior period foreign exchange rates by prior period sales.(4) Business days effect is calculated by dividing the year-over-year change in weighted average working days (based on mix of sales by country) by prior period weighted average working days.(5) Divestiture effect is calculated by dividing prior period sales attributable to divested businesses by prior period sales.  View original content:https://www.prnewswire.com/news-releases/kennametal-announces-fiscal-2026-third-quarter-results-302763324.htmlSOURCE Kennametal Inc. Original: Kennametal Announces Fiscal 2026 Third Quarter Results

Kennametal to Host Earnings Conference Call & Webcast on Third Quarter Fiscal 2026 ResultsApril 15, 2026 6:30 AM
PR Newswire (US)

PITTSBURGH, April 15, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) will host its third quarter fiscal year 2026 earnings call on Wednesday, May 6, 2026. The press release and presentation will be available on the Company's website before market on May 6.Details of the conference call and webcast are as follows:When: Wednesday, May 6, 2026 at 9:30 am ETHosts:Sanjay Chowbey, President and CEO
Patrick Watson, Vice President and CFOWebcast:The conference call will be broadcast via real-time audio on Kennametal's investor relations website at https://investors.kennametal.com/ - click "Event" (located in the blue Quarterly Earnings block)About KennametalWith over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,100 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated nearly $2 billion in revenues in fiscal 2025. Learn more at www.kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube.



View original content:https://www.prnewswire.com/news-releases/kennametal-to-host-earnings-conference-call--webcast-on-third-quarter-fiscal-2026-results-302739350.htmlSOURCE Kennametal Inc.

Original: Kennametal to Host Earnings Conference Call & Webcast on Third Quarter Fiscal 2026 Results

Kennametal Honors 2026 STEP Ahead Award Winner from the Manufacturing InstituteMarch 9, 2026 10:39 AM
PR Newswire (US)

PITTSBURGH, March 9, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that Ellen Whittingham, Vice President, Strategic Talent Enablement, has been recognized as a 2026 STEP Ahead Award Honoree by The Manufacturing Institute.The STEP Ahead Awards recognize people powering manufacturing success, those whose leadership, expertise and commitment to others are building stronger workplaces and communities. Whittingham's contributions are celebrated along with 145 honorees from companies of all sizes and sectors and she joins a group of 18 other Kennametal honorees who have received STEP Ahead Awards in prior years."We congratulate Ellen on this honor, which is a reflection of the positive impact she has had on our people and culture," said Kennametal President and CEO Sanjay Chowbey. "We appreciate her leadership, commitment to developing talent and focus on driving accountability at Kennametal and in the community."Whittingham is a trusted leader recognized for driving accountability, developing talent and delivering business impact. With more than two decades in manufacturing and operations, and over 15 years in human resources, she has helped lead several companies through organizational design transformation, driven a shift in performance management and strengthened talent development programs to help employees and companies succeed. At Kennametal, she has championed the launch of multiple employee resource groups, and contributed to strengthening engagement, succession and talent development.Furthermore, her commitment to mentorship and civic service has made a difference in the community. For more than six years, she has supported a nonprofit that provides counseling to young people and their families, helping the organization develop and execute a strategy to build a talent pipeline and expand into new communities.About Kennametal
With over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,100 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated nearly $2 billion in revenues in fiscal 2025. Learn more at www.kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube.About the Manufacturing Institute The Manufacturing Institute works to build and strengthen the manufacturing workforce for today and tomorrow to create a workforce prepared for the challenges and opportunities of the 21st century. This is done through implementing groundbreaking initiatives, convening industry leaders, conducting innovative research and promoting public policy that supports the sector as it meets the opportunity of modern manufacturing. Through this work, the MI furthers individual opportunity, community prosperity and a more competitive manufacturing industry.
For more information, please visit: https://themanufacturinginstitute.org/





View original content to download multimedia:https://www.prnewswire.com/news-releases/kennametal-honors-2026-step-ahead-award-winner-from-the-manufacturing-institute-302708258.htmlSOURCE Kennametal Inc.

Original: Kennametal Honors 2026 STEP Ahead Award Winner from the Manufacturing Institute

Kennametal lance son programme mondial « Machiniste de l'année » pour honorer ses clients de longue date et les fers de lance de l'industrieFebruary 24, 2026 10:13 AM
PR Newswire (Canada)

PITTSBURGH, 24 février 2026 /CNW/ - Kennametal Inc. (NYSE : KMT), chef de file mondial des solutions de découpe de métaux, a annoncé aujourd'hui le lancement de son programme Machiniste de l'année, une nouvelle initiative annuelle visant à reconnaître les compétences, l'engagement et l'innovation de ses clients machinistes de longue date dans toutes les régions. Des gagnants seront désignés dans les Amériques, dans la région EMEA (Europe, Moyen-Orient et Afrique), en Asie-Pacifique et en Inde.« Les machinistes sont l'épine dorsale de la fabrication », a déclaré Eddie McBarnett, vice-président chargé de la commercialisation et de la stratégie chez Kennametal. « Les innovations de Kennametal ont toujours été motivées par les besoins de ces professionnels qualifiés : des solutions d'outillage qui coupent plus vite et durent plus longtemps pour aider les ateliers à atteindre une plus grande précision et à être plus rentables. »Le programme Machiniste de l'année célèbre ce partenariat durable en rendant hommage aux machinistes qui incarnent savoir-faire et innovation. Les équipes des Amériques, de la région EMEA, de l'Asie-Pacifique et de l'Inde distingueront chacune un machiniste qui représente le meilleur de l'excellence de sa région en matière d'usinage.« Notre recherche mondiale des "Machinistes de l'année" est plus qu'un concours, c'est une célébration des partenariats et des compétences qui font progresser notre industrie », a commenté Scott Etling, vice-président chargé de la gestion commerciale des produits.Afin de participer, les candidats doivent publier une brève vidéo convaincante sur leurs propres réseaux sociaux, expliquant comment ils utilisent les produits Kennametal et pourquoi ils devraient être sélectionnés pour le titre de « Machiniste de l'année ». Les participants doivent mentionner Kennametal, intégrer le mot-clic #MachinisteKMT et utiliser activement les produits Kennametal dans leur atelier depuis au moins un an. Les finalistes seront sélectionnés dans chaque région par les équipes commerciales de l'entreprise, et le vote final sera ouvert au public dans les médias sociaux de Kennametal.Récompenses en jeu pour chaque gagnant régional :Article sur le site Web, le blogue et les réseaux sociaux de KennametalEnsemble de prix comprenant des affiches et des produits exclusifs7 500 dollars américains en boîte à outils « Machiniste de l'année » et outillage de marque KennametalInvitation à animer des démonstrations d'usinage en direct à un salon commercial mondial (IMTS, AMB, JIMTOF, IMTEX/AMTEX, selon le cas)Nomination automatique comme ambassadeur de la marque KennametalCalendrierFévrier 2026 — Lancement officiel du programmeJuin 2026 — Annonce des candidats régionaux, début du voteSeptembre/octobre 2026 — Dévoilement des gagnants régionaux lors de salons professionnels et en lignePour connaître tous les détails, les directives de soumission et des renseignements complémentaires sur le vote, veuillez consulter la page Machiniste de l'année de Kennametal.À propos de Kennametal
Riche de plus de 85 ans d'expérience à la tête de la technologie industrielle, Kennametal Inc. garantit la productivité de ses clients grâce à ses solutions d'outillage résistantes à l'usure, fondées sur la science des matériaux. Dans les secteurs de l'aérospatiale et de la défense, des travaux de terrassement, de l'énergie, de l'ingénierie générale et des transports, les clients se tournent vers Kennametal pour les aider à fabriquer leurs produits avec précision et efficacité. Chaque jour, les quelque 8 100 collaborateurs de Kennametal permettent aux clients de rester compétitifs dans près de 100 pays. Kennametal a généré un chiffre d'affaires de 2 milliards de dollars au cours de l'exercice 2025. Pour en savoir plus, veuillez consulter le site kennametal.com ou suivre @Kennametal sur Instagram, Facebook, LinkedIn ou YouTube.Logo - https://mma.prnewswire.com/media/2003465/Kennametal_Logo.jpg  SOURCE Kennametal Inc.

Original: Kennametal lance son programme mondial « Machiniste de l'année » pour honorer ses clients de longue date et les fers de lance de l'industrie

Kennametal Launches "Machinist of the Year" Global Program to Honor Long-Time Customers and Industry LeadersFebruary 24, 2026 8:03 AM
PR Newswire (Canada)

PITTSBURGH, Feb. 24, 2026 /CNW/ -- Kennametal Inc. (NYSE: KMT), a global leader in metal cutting solutions, today announced the launch of its Machinist of the Year program, a new annual initiative designed to recognize the skill, dedication and innovation of long-time machinist customers across every region. Winners will be announced in the Americas, EMEA, APAC and India.Kennametal introduces Machinist of the Year, celebrating skilled machinists across global regions."Machinists are the backbone of manufacturing," said Eddie McBarnett, Kennametal's Vice President of Marketing & Strategy. "Kennametal's innovations have always been driven by the needs of these skilled professionals with tooling solutions that cut faster, last longer and help shops achieve greater precision and profitability."The Machinist of the Year program celebrates this enduring partnership by celebrating machinists who embody craftsmanship and innovation. Teams in the Americas, EMEA, APAC and India will each recognize a machinist who showcases the very best of their region's machining excellence."Our global search for Machinists of the Year is more than a contest—it's a celebration of the partnerships and expertise that drive our industry forward," said Scott Etling, Vice President of Product Marketing Management.To enter, participants should post a brief, compelling video on their own social media channels, sharing how they use Kennametal products and why they should be selected as "Machinist of the Year." Entrants must tag Kennametal, include the hashtag #KMTMachinist and have been actively using Kennametal products at their workshop for at least the past year. Finalists will be selected regionally by the company's marketing teams in each region, and final voting will be open to the public on Kennametal's social media channels.Each regional winner will receive the following:Feature on Kennametal's website, blog and social media channelsAward package including exclusive signage and merchandise$7,500 (USD equivalent) in branded "Machinist of the Year" Toolbox and Kennametal toolingInvitation to lead live machining demonstrations at a global trade show (IMTS, AMB, JIMTOF, IMTEX/AMTEX, as applicable)Automatic designation as a Kennametal Brand AmbassadorTimelineFebruary 2026 — Official program launchJune 2026 — Regional nominees announced, voting beginsSeptember/October 2026 — Regional winners revealed at trade shows and onlineFor full details, submission guidelines and voting information, visit Kennametal's Machinist of the Year page.About Kennametal
With over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,100 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated $2 billion in revenues in fiscal 2025. Learn more at kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube.





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Original: Kennametal Launches "Machinist of the Year" Global Program to Honor Long-Time Customers and Industry Leaders

Kennametal to Attend J.P. Morgan Industrials ConferenceFebruary 24, 2026 6:30 AM
PR Newswire (US)

PITTSBURGH, Feb. 24, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the J.P. Morgan Industrials Conference in Washington DC.Details of the conference are as follows:When:Tuesday, March 17, 2026

Attendees:   Patrick Watson, Vice President and Chief Financial Officer 
Michael Pici, Vice President, Investor RelationsAbout KennametalWith over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,100 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated nearly $2 billion in revenues in fiscal 2025. Learn more at www.kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube.



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Original: Kennametal to Attend J.P. Morgan Industrials Conference

Kennametal to Attend the Loop Capital ConferenceFebruary 17, 2026 6:30 AM
PR Newswire (US)

PITTSBURGH, Feb. 17, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the Loop Capital Conference in New York City.Details of the conference are as follows:            When:            Tuesday, March 10, 2026            Attendees:   Michael Pici, Vice President, Investor Relations
                                 John Witt, Vice President Finance & Corporate ControllerAbout KennametalWith over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,100 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated nearly $2 billion in revenues in fiscal 2025. Learn more at www.kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube.



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Original: Kennametal to Attend the Loop Capital Conference

Kennametal Shares Climb After Q2 Beat and Upgraded Full-Year GuidanceFebruary 4, 2026 10:08 AM
IH Market News
Kennametal Inc. (NYSE:KMT) delivered fiscal second-quarter results on Wednesday that came in ahead of market expectations and prompted the company to lift its outlook for the full year, sending its shares higher in premarket trading.The industrial technology group’s stock rose 2.49% before the open following the announcement.For the quarter ended December 31, 2025, Kennametal reported adjusted earnings of $0.47 per share, well above the analyst consensus of $0.37. Revenue totaled $529.5 million, exceeding expectations of $522.6 million and marking a 10% year-on-year increase on both a reported and organic basis.“We are pleased with our second quarter results, which exceeded the high end of our sales and adjusted EPS Outlook, driven by volume in the quarter, largely from buy-ahead in response to the tungsten pricing environment and modest improvement in certain end markets,” said Sanjay Chowbey, President and CEO.Operating income surged 66% to $53 million, while adjusted operating income climbed 68% to $56 million. Within the business segments, Metal Cutting sales increased 11% to $331 million, and the Infrastructure segment recorded an 8% rise in sales to $198 million.Following the strong quarter, Kennametal raised its fiscal 2026 guidance. The company now expects full-year sales of $2.19 billion to $2.25 billion, above the prior consensus estimate of $2.13 billion. It also lifted its adjusted earnings per share outlook to a range of $2.05 to $2.45, significantly higher than analyst expectations of $1.66.For the third quarter, Kennametal forecasts revenue of $545 million to $565 million and adjusted EPS of $0.50 to $0.60.Management pointed to favorable pricing relative to raw material costs—particularly within the Infrastructure segment—along with stronger volumes and roughly $8 million in additional restructuring savings as key drivers of performance.“Looking ahead, we remain focused on driving above market growth, improving our cost structure and shaping a smarter portfolio to deliver long-term value for shareholders,” Chowbey added.The company also announced that its Board of Directors approved a quarterly cash dividend of $0.20 per share, payable on February 24, 2026, to shareholders of record as of February 10, 2026.Kennametal stock price

Original: Kennametal Shares Climb After Q2 Beat and Upgraded Full-Year Guidance

Kennametal Announces Fiscal 2026 Second Quarter ResultsFebruary 4, 2026 6:30 AM
PR Newswire (US)

Sales of $530 million increased 10 percent on both a reported and organic basisOperating income of $53 million and adjusted operating income of $56 million, up 66 percent and 68 percent, respectivelyEarnings per diluted share (EPS) of $0.44 and adjusted EPS of $0.47, up 92 percent and 89 percent, respectivelyCompany raises sales and adjusted EPS annual OutlookPITTSBURGH, Feb. 4, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2026 second quarter ended December 31, 2025."We are pleased with our second quarter results, which exceeded the high end of our sales and adjusted EPS Outlook, driven by volume in the quarter, largely from buy-ahead in response to the tungsten pricing environment and modest improvement in certain end markets," said Sanjay Chowbey, President and CEO.Chowbey added: "Looking ahead, we remain focused on driving above market growth, improving our cost structure and shaping a smarter portfolio to deliver long-term value for shareholders."Fiscal 2026 Second Quarter Financial HighlightsSales of $530 million increased 10 percent from $482 million in the prior year quarter, reflecting organic sales growth of 10 percent and a favorable currency exchange effect of 1 percent, partially offset by a divestiture effect of 1 percent.Operating income was $53 million, or 9.9 percent margin, compared to $32 million, or 6.6 percent margin, in the prior year quarter. The increase in operating income was driven by the favorable timing of pricing compared to raw material costs of approximately $17 million within the Infrastructure segment, pricing and tariff surcharges within the Metal Cutting segment, higher sales and production volumes in the Metal Cutting segment and incremental year-over-year restructuring savings of approximately $8 million. These factors were partially offset by higher compensation costs, tariffs and general inflation, a prior year benefit from insurance proceeds of approximately $3 million that did not repeat in the current year and an increase in incremental restructuring and related charges of approximately $2 million. Adjusted operating income was $56 million, or 10.5 percent margin, in the current quarter, compared to $33 million, or 6.9 percent margin, in the prior year quarter.Year-to-date net cash flow from operating activities was $73 million compared to $101 million in the prior year period. The change in net cash flow from operating activities was driven primarily by working capital changes including an increase in inventory, partially offset by higher net income in the current year period. Year-to-date free operating cash flow (FOCF) was $38 million compared to $57 million in the prior year period. The decrease in FOCF was driven primarily by working capital changes including an increase in inventory, partially offset by higher net income and lower net capital expenditures in the current year period.OutlookThe Company's expectations for the third quarter of fiscal 2026 and the full year are as follows:Quarterly Outlook:Sales expected to be $545 - $565 millionAdjusted EPS is expected to be $0.50 - $0.60Annual Outlook:Sales expected to be $2.190 - $2.250 billionAdjusted EPS is expected to be $2.05 - $2.45Free operating cash flow of approximately 60 percent of adjusted net incomeCapital spending expected to be approximately $90 millionThe Company will provide more details regarding its Outlook during its quarterly earnings conference call.Segment ResultsMetal Cutting sales of $331 million increased 11 percent from $298 million in the prior year quarter, reflecting organic sales growth of 9 percent and a favorable currency exchange effect of 2 percent. Operating income was $30 million, or 9.0 percent margin, compared to $17 million, or 5.6 percent margin, in the prior year quarter. The increase in operating income was driven by pricing and tariff surcharges, higher sales and production volumes and incremental year-over-year restructuring savings of approximately $6 million. These factors were partially offset by higher compensation costs and tariffs and general inflation. Adjusted operating income was $32 million, or 9.6 percent margin, in the current quarter, compared to $18 million, or 6.0 percent margin, in the prior year quarter.Infrastructure sales of $198 million increased 8 percent from $184 million in the prior year quarter, reflecting organic sales growth of 11 percent and a favorable currency exchange effect of 1 percent, partially offset by a divestiture effect of 4 percent. Operating income was $23 million, or 11.8 percent margin, compared to $16 million, or 8.5 percent margin, in the prior year quarter. The increase in operating income was driven by the favorable timing of pricing compared to raw material costs of approximately $17 million, and incremental year-over-year restructuring savings of approximately $2 million. These factors were partially offset by higher compensation costs, a prior year benefit from insurance proceeds of approximately $3 million that did not repeat in the current year, and general inflation. Adjusted operating income was $24 million, or 12.3 percent margin, in the current quarter, compared to $16 million, or 8.6 percent margin, in the prior year quarter.Dividend DeclaredKennametal announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share. The dividend is payable on February 24, 2026 to shareholders of record as of the close of business on February 10, 2026.Conference Call and WebcastThe Company will host a conference call to discuss its second quarter fiscal 2026 results on Wednesday, February 4, 2026 at 9:00 a.m. Eastern Time. The conference call will be broadcast via real-time audio on Kennametal's investor relations website at https://investors.kennametal.com/ - click "Event" (located in the blue Quarterly Earnings block).This earnings release contains non-GAAP financial measures. Reconciliations and descriptions of all non-GAAP financial measures are set forth in the tables that follow.Certain statements in this release may be forward-looking in nature, or "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements that do not relate strictly to historical or current facts. For example, statements about Kennametal's outlook for sales, adjusted EPS, FOCF, and capital expenditures for the third quarter and full year of fiscal 2026 and our expectations regarding future growth and financial performance are forward-looking statements. Any forward-looking statements are based on current knowledge, expectations and estimates that involve inherent risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, our actual results could vary materially from our current expectations. There are a number of factors that could cause our actual results to differ from those indicated in the forward-looking statements. They include: uncertainties related to changes in macroeconomic and/or global conditions, including as a result of increased inflation, tariffs, and Russia's invasion of Ukraine and the resulting sanctions on Russia; the conflict in the Middle East; other economic recession; our ability to achieve all anticipated benefits of restructuring initiatives; Commercial Excellence growth initiatives, Operational Excellence initiatives, our foreign operations and international markets, such as currency exchange rates, different regulatory environments, trade barriers, exchange controls, and social and political instability, including the conflicts in Ukraine and the Middle East; changes in the regulatory environment in which we operate, including environmental, health and safety regulations; potential for future goodwill and other intangible asset impairment charges; our ability to protect and defend our intellectual property; continuity of information technology infrastructure; competition; our ability to retain our management and employees; demands on management resources; availability and cost of the raw materials we use to manufacture our products; product liability claims; integrating acquisitions and achieving the expected savings and synergies; global or regional catastrophic events; demand for and market acceptance of our products; business divestitures; energy costs; commodity prices; labor relations; and implementation of environmental remediation matters. Many of these risks and other risks are more fully described in Kennametal's latest annual report on Form 10-K and its other periodic filings with the Securities and Exchange Commission. We can give no assurance that any goal or plan set forth in forward-looking statements can be achieved and readers are cautioned not to place undue reliance on such statements, which speak only as of the date made. We undertake no obligation to release publicly any revisions to forward-looking statements as a result of future events or developments.About KennametalWith over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,100 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated $2 billion in revenues in fiscal 2025. Learn more at www.kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube. FINANCIAL HIGHLIGHTSCONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
Three Months Ended
December 31,Six Months Ended
December 31,(in thousands, except per share amounts)2025
20242025
2024Sales$   529,525
$   482,051$ 1,027,499
$   963,999Cost of goods sold355,656
337,021699,080
667,960     Gross profit173,869
145,030328,419
296,039Operating expense116,302
109,308229,330
220,962Restructuring and other charges, net2,528
1,3354,117
1,946Amortization of intangibles2,378
2,7204,751
5,438     Operating income52,661
31,66790,221
67,693Interest expense6,089
6,18012,275
12,493Other income, net(2,097)
(1,477)(4,418)
(3,136)Income before income taxes48,669
26,96482,364
58,336Provision for income taxes13,472
7,92722,535
15,833Net income35,197
19,03759,829
42,503Less: Net income attributable to noncontrolling interests1,312
1,1092,646
2,452Net income attributable to Kennametal$     33,885
$     17,928$     57,183
$     40,051PER SHARE DATA ATTRIBUTABLE TO KENNAMETAL SHAREHOLDERS
Basic earnings per share$        0.44
$        0.23$        0.75
$        0.51Diluted earnings per share$        0.44
$        0.23$        0.74
$        0.51Basic weighted average shares outstanding76,194
77,72476,161
77,896Diluted weighted average shares outstanding77,083
78,37976,919
78,495 CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)(in thousands)December 31, 2025
June 30, 2025  ASSETS


Cash and cash equivalents$                   129,318
$           140,540Accounts receivable, net288,205
295,401Inventories621,920
538,237Other current assets81,835
65,092Total current assets1,121,278
1,039,270Property, plant and equipment, net881,308
919,914Goodwill and other intangible assets, net345,518
349,935Other assets247,452
236,293Total assets$                 2,595,556
$        2,545,412  LIABILITIES


Revolving and other lines of credit and notes payable$                       1,430
$                  977Accounts payable220,410
195,929Other current liabilities217,510
225,423Total current liabilities439,350
422,329Long-term debt597,192
596,788Other liabilities201,357
201,647Total liabilities1,237,899
1,220,764KENNAMETAL SHAREHOLDERS' EQUITY1,315,037
1,283,979NONCONTROLLING INTERESTS42,620
40,669Total liabilities and equity$                 2,595,556
$        2,545,412 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED)
Six Months Ended
December 31,(in thousands)2025
2024OPERATING ACTIVITIES


Net income$    59,829
$    42,503Adjustments to reconcile to cash from operations:


Depreciation64,662
62,130Amortization4,751
5,438Stock-based compensation expense16,952
13,375Restructuring and other charges, net4,117
1,946Deferred income taxes (1,768)
(1,903)Gain on insurance recoveries—
(7,500)Other1,305
2,666Changes in certain assets and liabilities:


Accounts receivable7,839
43,167Inventories(84,080)
(30,695)Accounts payable and accrued liabilities14,665
(27,214)Accrued income taxes2,225
606Accrued pension and postretirement benefits(374)
(2,445)Other(17,517)
(1,174)Net cash flow provided by operating activities72,606
100,900INVESTING ACTIVITIES


Purchases of property, plant and equipment(35,692)
(43,967)Disposals of property, plant and equipment1,569
405Proceeds from insurance recoveries—
7,193Other336
(222)Net cash flow used in investing activities(33,787)
(36,591)FINANCING ACTIVITIES


Net increase in notes payable421
—Purchase of capital stock(10,068)
(30,062)The effect of employee benefit and stock plans and dividend reinvestment(7,724)
(6,240)Cash dividends paid to Shareholders(30,364)
(31,148)Other(1,853)
(599)Net cash flow used in financing activities(49,588)
(68,049)Effect of exchange rate changes on cash and cash equivalents(453)
(3,080)CASH AND CASH EQUIVALENTS


Net decrease in cash and cash equivalents(11,222)
(6,820)Cash and cash equivalents, beginning of period140,540
127,971Cash and cash equivalents, end of period$  129,318
$  121,151 SEGMENT DATA (UNAUDITED)Three Months Ended
December 31,Six Months Ended
December 31,(in thousands)2025
20242025
2024Sales:





Metal Cutting$     331,059
$     297,785$     641,684
$     594,686Infrastructure198,466
184,266385,815
369,313Total sales$     529,525
$     482,051$  1,027,499
$     963,999Sales By Geographic Region:





Americas$     265,168
$     235,252$     512,763
$     472,978EMEA156,276
145,494309,561
291,428Asia Pacific108,081
101,305205,175
199,593Total sales$     529,525
$     482,051$  1,027,499
$     963,999Operating income:





Metal Cutting$       29,758
$       16,586$       51,322
$       40,408Infrastructure23,402
15,61240,042
28,347Corporate (1)(499)
(531)(1,143)
(1,062)Total operating income$       52,661
$       31,667$       90,221
$       67,693
(1) Represents unallocated corporate expenses.NON-GAAP RECONCILIATIONS (UNAUDITED)In addition to reported results under generally accepted accounting principles in the United States of America (GAAP), the following financial highlight tables include, where appropriate, a reconciliation of adjusted results including: operating income and margin; net income attributable to Kennametal; diluted EPS; Metal Cutting operating income and margin; Infrastructure operating income and margin; FOCF; and consolidated and segment organic sales growth (all of which are non-GAAP financial measures), to the most directly comparable GAAP financial measures. Adjustments for the three months ended December 31, 2025 include restructuring and related charges and differences in projected annual tax rates. Adjustments for the three months ended December 31, 2024 include restructuring and related charges and differences in projected annual tax rates. For those adjustments that are presented 'net of tax', the tax effect of the adjustment can be derived by calculating the difference between the pre-tax and the post-tax adjustments presented. The tax effect on adjustments is calculated by preparing an overall tax calculation including the adjustments and then a tax calculation excluding the adjustments. The difference between these calculations results in the tax impact of the adjustments.Management believes that presentation of these non-GAAP financial measures provides useful information about the results of operations of the Company for the current and past periods. Management believes that investors should have available the same information that management uses to assess operating performance, determine compensation and assess the capital structure of the Company. These non-GAAP financial measures should not be considered in isolation or as a substitute for the most comparable GAAP financial measures. Investors are cautioned that non-GAAP financial measures used by management may not be comparable to non-GAAP financial measures used by other companies. Reconciliations and descriptions of all non-GAAP financial measures are set forth in the disclosures below.Reconciliations to the most directly comparable GAAP financial measures for the following forward-looking non-GAAP financial measures for the third quarter and full fiscal year of 2026 have not been provided, including but not limited to: FOCF, adjusted net income and adjusted EPS. The most comparable GAAP financial measures are net cash flow from operating activities, net income attributable to Kennametal and EPS, respectively. Because the non-GAAP financial measures on a forward-looking basis are subject to uncertainty and variability as they are dependent on many factors - including, but not limited to, the effect of foreign currency exchange fluctuations, impacts from potential acquisitions or divestitures, gains or losses on the potential sale of businesses or other assets, restructuring costs, asset impairment charges, gains or losses from early extinguishment of debt, the tax impact of the items above and the impact of tax law changes or other tax matters - reconciliations to the most directly comparable forward-looking GAAP financial measures are not available without unreasonable effort.THREE MONTHS ENDED DECEMBER 31, 2025 (UNAUDITED)
(in thousands, except percents and per share data)SalesOperating
incomeNet
income(2)Diluted EPSReported results$      529,525$     52,661$        33,885$           0.44Reported operating margin
9.9 %

Restructuring and related charges—3,0572,5330.03Differences in projected annual tax rates——(163)—Adjusted results$      529,525$     55,718$        36,255$           0.47Adjusted operating margin
10.5 %


(2) Attributable to Kennametal. THREE MONTHS ENDED DECEMBER 31, 2025 (UNAUDITED)
Metal CuttingInfrastructure(in thousands, except percents)SalesOperating
incomeSalesOperating
incomeReported results$   331,059$   29,758$    198,466$  23,402Reported operating margin
9.0 %
11.8 %Restructuring and related charges—2,122—934Adjusted results$   331,059$   31,880$    198,466$  24,336Adjusted operating margin
9.6 %
12.3 % THREE MONTHS ENDED DECEMBER 31, 2024 (UNAUDITED)
(in thousands, except percents and per share data)SalesOperating
incomeNet
income(2)Diluted EPSReported results$      482,051$     31,667$        17,928$           0.23Reported operating margin
6.6 %

Restructuring and related charges—1,4191,1810.01Differences in projected annual tax rates——5300.01Adjusted results$      482,051$     33,086$        19,639$           0.25Adjusted operating margin
6.9 %


(2) Attributable to Kennametal. THREE MONTHS ENDED DECEMBER 31, 2024 (UNAUDITED)
Metal CuttingInfrastructure(in thousands, except percents)SalesOperating
incomeSalesOperating
incomeReported results$   297,785$   16,586$    184,266$  15,612Reported operating margin
5.6 %
8.5 %Restructuring and related charges—1,202—217Adjusted results$   297,785$   17,788$    184,266$  15,829Adjusted operating margin
6.0 %
8.6 %Free Operating Cash Flow (FOCF)FOCF is a non-GAAP financial measure and is defined by the Company as net cash flow provided by operating activities (which is the most directly comparable GAAP financial measure) less capital expenditures plus proceeds from disposals of fixed assets. Management considers FOCF to be an important indicator of the Company's cash generating capability because it better represents cash generated from operations that can be used for dividends, debt repayment, strategic initiatives (such as acquisitions) and other investing and financing activities.FREE OPERATING CASH FLOW (UNAUDITED)
Six Months Ended
December 31,(in thousands)
2025
2024Net cash flow provided by operating activities
$      72,606
$    100,900Purchases of property, plant and equipment
(35,692)
(43,967)Disposals of property, plant and equipment
1,569
405Free operating cash flow
$      38,483
$      57,338Organic Sales GrowthOrganic sales growth is a non-GAAP financial measure of sales growth (which is the most directly comparable GAAP measure) excluding the effects of acquisitions, divestitures, business days and foreign currency exchange from year-over-year comparisons. Management believes this measure provides investors with a supplemental understanding of underlying sales trends by providing sales growth on a consistent basis. Management reports organic sales growth at the consolidated and segment levels.ORGANIC SALES GROWTH (UNAUDITED)


Three Months Ended December 31, 2025
Metal Cutting
Infrastructure
TotalOrganic sales growth
9 %
11 %
10 %Foreign currency exchange effect (3)
2
1
1Business days effect (4)
—
—
—Divestiture effect (5)
—
(4)
(1)Sales growth
11 %
8 %
10 %
(3) Foreign currency exchange effect is calculated by dividing the difference between current period sales and current period sales at prior period foreign exchange rates by prior period sales.(4) Business days effect is calculated by dividing the year-over-year change in weighted average working days (based on mix of sales by country) by prior period weighted average working days.(5) Divestiture effect is calculated by dividing prior period sales attributable to divested businesses by prior period sales. 



View original content:https://www.prnewswire.com/news-releases/kennametal-announces-fiscal-2026-second-quarter-results-302678286.htmlSOURCE Kennametal Inc.

Original: Kennametal Announces Fiscal 2026 Second Quarter Results

Kennametal to Attend Barclays 43rd Annual Industrial Select ConferenceJanuary 28, 2026 11:30 AM
PR Newswire (US)

PITTSBURGH, Jan. 28, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the Barclays 43rd Annual Industrial Select Conference in Miami.Details of the conference are as follows:     When:Wednesday, February 18, 2026     Attendees:Patrick Watson, Vice President and Chief Financial Officer
Michael Pici, Vice President, Investor Relations
Christopher Wiker, Senior Finance Director, InfrastructureAbout KennametalWith over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,100 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated nearly $2 billion in revenues in fiscal 2025. Learn more at www.kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube.



View original content:https://www.prnewswire.com/news-releases/kennametal-to-attend-barclays-43rd-annual-industrial-select-conference-302670331.htmlSOURCE Kennametal Inc.

Original: Kennametal to Attend Barclays 43rd Annual Industrial Select Conference

but i like it

$KMT-what a strange stock

calls a commin...i need 28 - 31 , soon , or i'll just sit in this equity for a year!

Kennametal ($KMT -0.12%) slumped over 20% in after-hours trading after it said it expects its fiscal 2016 revenue may fall as much as 30% to 60% due to weakness in China's auto market and in U.S. coal mining.

Kenon (NYSE:KEN): FQ2 EPS of $0.24 vs. -$0.34 IN 2Q14

Revenue of $333M (-0.9% Y/Y)

$KMT DD Notes ~ http://www.ddnotesmaker.com/KMT

bullish
good volume

$KMT recent news/filings

## source: finance.yahoo.com

Thu, 20 Nov 2014 13:42:46 GMT ~ Kennametal Management to Meet with Financial Community In San Francisco & Los Angeles

[at noodls] - LATROBE, Pa., Nov. 20, 2014 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that Vice President and Chief Financial Officer Frank P. Simpkins will meet with various members of the financial ...

read full: http://www.noodls.com/view/AA8624AE24C5F167BE00750F458FC48521A8CD40
*********************************************************

Thu, 20 Nov 2014 13:15:00 GMT ~ Kennametal Management to Meet with Financial Community In San Francisco & Los Angeles

[PR Newswire] - LATROBE, Pa., Nov. 20, 2014 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that Vice President and Chief Financial Officer Frank P. Simpkins will meet with various members of the financial ...

read full: http://finance.yahoo.com/news/kennametal-management-meet-financial-community-131500541.html
*********************************************************

Wed, 19 Nov 2014 21:38:24 GMT ~ Kennametal Recognized for Innovation, 30-Year Collaboration with BMW

[at noodls] - LATROBE, Pa., Nov. 19, 2014 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today announced that the company was among three suppliers recognized at the 2014 BMW Supplier Innovation Awards in the productivity ...

read full: http://www.noodls.com/view/A065F53AC45E60354E318596B5833DCA113E52AB
*********************************************************

Wed, 19 Nov 2014 21:30:00 GMT ~ Kennametal Recognized for Innovation, 30-Year Collaboration with BMW

[PR Newswire] - LATROBE, Pa., Nov. 19, 2014 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today announced that the company was among three suppliers recognized at the 2014 BMW Supplier Innovation Awards in the productivity ...

read full: http://finance.yahoo.com/news/kennametal-recognized-innovation-30-collaboration-213000267.html
*********************************************************

Mon, 17 Nov 2014 22:26:56 GMT ~ KENNAMETAL INC Files SEC form 8-K, Change in Directors or Principal Officers, Other Events, Financial Statements and


read full: http://biz.yahoo.com/e/141117/kmt8-k.html
*********************************************************


$KMT charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$KMT company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/KMT/company-info
Ticker: $KMT
OTC Market Place: Not Available
CIK code: 0000055242
Company name: Kennametal Inc.
Company website: http://www.kennametal.com
Incorporated In: PA, USA


$KMT share structure

## source: otcmarkets.com

Market Value: $3,157,485,505 a/o Nov 20, 2014
Shares Outstanding: 78,681,423 a/o Jul 31, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 1.25
$KMT extra dd links

Company name: Kennametal Inc.
Company website: http://www.kennametal.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/KMT/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/KMT/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=KMT+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=KMT+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=KMT+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/KMT/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/KMT/news - http://finance.yahoo.com/q/h?s=KMT+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/KMT/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/KMT/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/KMT/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/KMT/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/KMT/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/KMT/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/KMT/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/KMT/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=KMT+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/KMT
DTCC (dtcc.com): http://search2.dtcc.com/?q=Kennametal+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Kennametal+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Kennametal+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.kennametal.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.kennametal.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.kennametal.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/KMT/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/KMT
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/KMT/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/KMT/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/KMT/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000055242&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/KMT/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/KMT/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/KMT/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/KMT/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=KMT&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=KMT
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/KMT/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=KMT+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=KMT+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=KMT
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=KMT
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=KMT+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/KMT/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=KMT+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/KMT.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=KMT
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/KMT/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/KMT/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/KMT/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/KMT/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/KMT
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/KMT
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/KMT:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=KMT
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=KMT



$KMT DD Notes ~ http://www.ddnotesmaker.com/KMT